Octopus is not replacing him with responsibility for continuing to grow the multi-manager business passed to director and founder Guy Myles.

Octopus Investments managing director and founder Guy Myles says: “As part of the review, we have added some fund management roles. Those roles will be across the business and we are looking to expand all of our fund management teams. Overall, more than ten of the outstanding 20 roles in the business are fund management roles.”